Aurora Financial Group Inc Mortgage Lending & HMDA Data, 2015
In 2015, Aurora Financial Group Inc of Moorestown, NJ reported 619 mortgage applications totaling $122.9 million, down 73% from 2014. The average application was for $198,500, and applicants reported an average income of $91,683. 70% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Montgomery County-Bucks County-Chester County, PA (128), Philadelphia, PA (127) and Camden, NJ (96) (applications in parentheses).
| Mortgage Company & Address | Aurora Financial Group Inc 301 Harper Drive Suite 110 Moorestown, NJ 08057 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 619 |
| Total Mortgage Loan Application Amount | $122,872,000 |
| Average Mortgage Loan Application Amount | $198,500 |
| Highest Mortgage Loan Application Amount | $860,000 |
| Average Applicant Income | $91,683 |
| Highest Applicant Income | $1,247,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Aurora Financial Group Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Delaware, Pennsylvania | 67 | $ 11,547,000 | $ 172,343 | $ 72,000 |
| Philadelphia, Pennsylvania | 60 | $ 12,669,000 | $ 211,150 | $ 96,000 |
| Chester, Pennsylvania | 59 | $ 14,161,000 | $ 240,016 | $ 102,000 |
| Atlantic, New Jersey | 55 | $ 10,064,000 | $ 182,981 | $ 72,000 |
| Cape May, New Jersey | 48 | $ 13,387,000 | $ 278,895 | $ 182,000 |
| Montgomery, Pennsylvania | 45 | $ 10,711,000 | $ 238,022 | $ 107,000 |
| Camden, New Jersey | 34 | $ 4,724,000 | $ 138,941 | $ 68,000 |
| Burlington, New Jersey | 32 | $ 5,772,000 | $ 180,375 | $ 87,000 |
| Gloucester, New Jersey | 30 | $ 5,487,000 | $ 182,900 | $ 90,000 |
| Bucks, Pennsylvania | 24 | $ 6,034,000 | $ 251,416 | $ 132,000 |
| Cumberland, New Jersey | 14 | $ 2,163,000 | $ 154,500 | $ 83,000 |
| Bradford, Pennsylvania | 13 | $ 1,458,000 | $ 112,153 | $ 46,000 |
| Monroe, Pennsylvania | 13 | $ 1,485,000 | $ 114,230 | $ 58,000 |
| New Castle, Delaware | 12 | $ 2,681,000 | $ 223,416 | $ 84,000 |
| Franklin, Pennsylvania | 12 | $ 1,939,000 | $ 161,583 | $ 53,000 |
| Ocean, New Jersey | 10 | $ 2,061,000 | $ 206,100 | $ 76,000 |
| Sussex, Delaware | 7 | $ 1,328,000 | $ 189,714 | $ 47,000 |
| Mercer, New Jersey | 5 | $ 1,593,000 | $ 318,600 | $ 208,000 |
| Lancaster, Pennsylvania | 5 | $ 858,000 | $ 171,600 | $ 47,000 |
| Gwinnett, Georgia | 4 | $ 846,000 | $ 211,500 | $ 100,000 |
| Middlesex, New Jersey | 4 | $ 443,000 | $ 110,750 | $ 50,000 |
| Berks, Pennsylvania | 4 | $ 650,000 | $ 162,500 | $ 20,000 |
| Dauphin, Pennsylvania | 4 | $ 910,000 | $ 227,500 | $ 32,000 |
| Essex, New Jersey | 3 | $ 634,000 | $ 211,333 | $ 83,000 |
| Hudson, New Jersey | 3 | $ 374,000 | $ 124,666 | $ 112,000 |
| Salem, New Jersey | 3 | $ 423,000 | $ 141,000 | $ 74,000 |
| Montour, Pennsylvania | 3 | $ 448,000 | $ 149,333 | $ 84,000 |
| Tioga, Pennsylvania | 3 | $ 289,000 | $ 96,333 | $ 58,000 |
| Hunterdon, New Jersey | 2 | $ 976,000 | $ 488,000 | $ 40,000 |
| Monmouth, New Jersey | 2 | $ 269,000 | $ 134,500 | $ 62,000 |
| Morris, New Jersey | 2 | $ 549,000 | $ 274,500 | $ 112,000 |
| Clinton, Pennsylvania | 2 | $ 157,000 | $ 78,500 | $ 31,000 |
| Cumberland, Pennsylvania | 2 | $ 585,000 | $ 292,500 | $ 60,000 |
| Fulton, Pennsylvania | 2 | $ 262,000 | $ 131,000 | $ 46,000 |
| Indiana, Pennsylvania | 2 | $ 235,000 | $ 117,500 | $ 42,000 |
| Perry, Pennsylvania | 2 | $ 344,000 | $ 172,000 | $ 80,000 |
| Snyder, Pennsylvania | 2 | $ 170,000 | $ 85,000 | $ 33,000 |
| Collier, Florida | 1 | $ 60,000 | $ 60,000 | $ 0 |
| Palm Beach, Florida | 1 | $ 70,000 | $ 70,000 | $ 120,000 |
| Barrow, Georgia | 1 | $ 134,000 | $ 134,000 | $ 30,000 |
| DeKalb, Georgia | 1 | $ 163,000 | $ 163,000 | $ 223,000 |
| Forsyth, Georgia | 1 | $ 287,000 | $ 287,000 | $ 112,000 |
| Fulton, Georgia | 1 | $ 247,000 | $ 247,000 | $ 80,000 |
| Hall, Georgia | 1 | $ 235,000 | $ 235,000 | $ 210,000 |
| Jasper, Georgia | 1 | $ 216,000 | $ 216,000 | $ 132,000 |
| Carroll, Maryland | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Kent, Maryland | 1 | $ 191,000 | $ 191,000 | $ 90,000 |
| Queen Anne's, Maryland | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Bergen, New Jersey | 1 | $ 235,000 | $ 235,000 | $ 167,000 |
| Somerset, New Jersey | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Sussex, New Jersey | 1 | $ 106,000 | $ 106,000 | $ 0 |
| Union, New Jersey | 1 | $ 381,000 | $ 381,000 | $ 117,000 |
| Cameron, Pennsylvania | 1 | $ 50,000 | $ 50,000 | $ 39,000 |
| Carbon, Pennsylvania | 1 | $ 109,000 | $ 109,000 | $ 40,000 |
| Centre, Pennsylvania | 1 | $ 95,000 | $ 95,000 | $ 0 |
| Huntingdon, Pennsylvania | 1 | $ 106,000 | $ 106,000 | $ 338,000 |
| Lebanon, Pennsylvania | 1 | $ 248,000 | $ 248,000 | $ 67,000 |
| Mifflin, Pennsylvania | 1 | $ 130,000 | $ 130,000 | $ 75,000 |
| Northumberland, Pennsylvania | 1 | $ 69,000 | $ 69,000 | $ 37,000 |
| Schuylkill, Pennsylvania | 1 | $ 35,000 | $ 35,000 | $ 27,000 |
| Sullivan, Pennsylvania | 1 | $ 201,000 | $ 201,000 | $ 73,000 |
| York, Pennsylvania | 1 | $ 263,000 | $ 263,000 | $ 0 |
Mortgage Loan Application Detail Totals for Aurora Financial Group Inc in 2015
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 391 | $75,553,000 | $193,000 | $723,000 | $88,000 | $608,000 |
| Refinancing | 228 | $47,319,000 | $207,000 | $860,000 | $98,000 | $1,247,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 512 | $106,139,000 | $207,000 | $860,000 | $97,000 | $1,247,000 |
| Black or African American | 49 | $6,641,000 | $135,000 | $341,000 | $58,000 | $147,000 |
| Hispanic | 30 | $5,057,000 | $168,000 | $417,000 | $60,000 | $202,000 |
| Not Provided | 16 | $2,839,000 | $177,000 | $366,000 | $83,000 | $223,000 |
| Asian | 11 | $1,967,000 | $178,000 | $355,000 | $75,000 | $145,000 |
| American Indian or Alaskan Native | 1 | $229,000 | $229,000 | $229,000 | $95,000 | $95,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 401 | $86,315,000 | $215,000 | $860,000 | $108,000 | $1,247,000 |
| FHA-insured (Federal Housing Administration) | 134 | $22,120,000 | $165,000 | $421,000 | $61,000 | $169,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 58 | $8,698,000 | $149,000 | $302,000 | $53,000 | $100,000 |
| VA-guaranteed (Veterans Administration) | 26 | $5,739,000 | $220,000 | $473,000 | $83,000 | $201,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 435 | $86,985,000 | $199,000 | $660,000 | $98,000 | $1,247,000 |
| Application Withdrawn By Applicant | 77 | $15,305,000 | $198,000 | $664,000 | $98,000 | $325,000 |
| Application Denied By Financial Institution | 55 | $9,742,000 | $177,000 | $723,000 | $81,000 | $478,000 |
| Loan Purchased By The Institution | 37 | $7,869,000 | $212,000 | $860,000 | $18,000 | $253,000 |
| File Closed For Incompleteness | 10 | $1,896,000 | $189,000 | $380,000 | $75,000 | $143,000 |
| Application Approved But Not Accepted | 5 | $1,075,000 | $215,000 | $302,000 | $82,000 | $174,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 16 | $2,543,000 | $158,000 | $341,000 | $52,000 | $133,000 |
| Collateral | 13 | $2,408,000 | $185,000 | $578,000 | $105,000 | $478,000 |
| Other | 7 | $1,843,000 | $263,000 | $723,000 | $125,000 | $327,000 |
| Unverifiable Information | 7 | $1,411,000 | $201,000 | $417,000 | $107,000 | $202,000 |
| Credit History | 7 | $885,000 | $126,000 | $173,000 | $41,000 | $73,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $328,000 | $109,000 | $212,000 | $47,000 | $63,000 |
| Employment History | 1 | $82,000 | $82,000 | $82,000 | $21,000 | $21,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Aurora Financial Group Inc's 2015 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Aurora Financial Group Inc's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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